ST Alpha - "I had a similar scenario when asking for a lower rate. I think their goal here is to force people off [obsolete] products for new ones" (Reading a Post)

SlickerTalk
Search Archives
The Leaderboard
The FAQ

Down to Post

Backboards:

Posts: 153

In response to "So, here's a weird credit card anecdote from today." by David

I had a similar scenario when asking for a lower rate. I think their goal here is to force people off [obsolete] products for new ones

Posted by Max Apr 21 '20, 21:51

that are more advantageous to the issuer (specifically why I don't know; maybe a change in Terms, maybe new fees, maybe new personal ID tracking).

There may also be an effort to reduce average credit history length to lower credit score to increase interest rates.

Responses:

I think this. they want to kill the card, either in general or specifically for you. -- nm - mafic Apr 21, 21:59
Discover was the easiest to negotiate with. They gave me 0% for a year. So they won front of the wallet. -- nm - Qale Apr 21, 21:53
I definitely weighed your last comment before canceling. My quick math suggested that my credit history will actually increase. - David Apr 21, 21:52

Post a message top

I had a similar scenario when asking for a lower rate. I think their goal here is to force people off [obsolete] products for new ones

Replies are disabled on threads older than 7 days.